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1113 Faringdon Drive Anna, TX 75409

3 Beds 2 Baths 1,842 sqft Built 2021

$381,112

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $206.90
  • 8 Days on Market
  • MLS # : 14510052
  • Updated Date : 02/04/2021 at 08:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,842 sqft
  • Baths : 2 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14510052 - Built by Highland Homes - May completion! ~ The Glenhurst- Offering 3 bedrooms, 2 bathrooms, an extended covered patio, a tile surround gas fireplace, 8' interior and exterior doors, built-in stainless steel appliances, smart home features, tankless water heater, and more. Available for pre-sell in phase 9.

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Zip Code: 75409

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75409

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9042171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Anna High School High Regular 705 48 5

Anna High School

  • Education Level: High
  • # of students: 705
  • # of teachers: 48
5
GreatSchools Rating
 

$343,001$419,223$381,112

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,324
Property Tax -$767
Property Insurance -$134
HOA -$41
Property Management Fees -$99
CASH FLOW
-$575

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$381,112

PROJECTED PRICE

$1,790

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,995

INVESTMENT

$102,995

Down Payment
$95,278
Rehab Estimate
$2,000
Closing Costs
$5,717

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,278
Loan Amount $285,834
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$13

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,790

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7904$1,8905$1,995
$1,995
RENT COMPS ANALYSIS
  • 1113 Faringdon Drive Anna, TX 3
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.97
    •  
  • 1125 Honeywell Drive Anna, TX 1
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 517 Kelvington Drive Anna, TX 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 213 Bankhurst Drive Anna, TX 4
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2017
    property image
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.02
    •  
  • 100 Cedar Canyon Drive Anna, TX 5
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2020
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510052
Last Updated: 02/04/2021
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